Friday, December 13, 2013

Morning Charts 12/13/13 SPX /ES

Well, she continues to drift. Unusual for these times. When major support areas get challenged these days they usually stand firm and produce a bounce. Somehow they are holding it up. It should be letting go in a big way here.

Minis 4hr - Thar's a huge hole under that beige support and that blue diagonal is broken.

Minis 60m - 

Daily SPX - Everything I see here points down. As usual I'll watch for the MACD hist to turn as a leading indicator a reversal may come. SPXA50 may have to run to the 100 mark. RSI looks weak and has room to run to get to support.

Triskaidekaphobia day!

More to come below.

Have a good weekend. Merry Christmas and happy holidays. 

GL and GB!

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